Ted Weschler

Last Update: 2013-05-14

Number of Stocks: 9
Number of New Stocks: 0

Total Value: $1,123 Mil
Q/Q Turnover: 8%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Ted Weschler' s Profile & Performance

Profile

New investment manager of Berkshire Hathaway. Founder of Peninsula Capital. The portfolio we track here is for Peninsula Capital, which will be closed in 2012.

Total Holding History

Top Ranked Articles

12 Stocks to Consider
Someone who reads my blog sent me this email: Read more...
New Berkshire Hathaway Portfolio Manager Ted Weschler’s Investing Style and Career Highlights
Ted Weschler recently became the second of possibly three portfolio managers of Berkshire Hathaway (BRK.A)(BRK.B), part of a group in line to take over the entire equity and debt portfolio of the greatest investor of all time, Warren Buffett, upon his retirement. Prior to accepting the offer, Weschler managed his own private investment firm, Peninsula Capital Advisors, LLC, which he founded in 2000. The fund manager that piqued Buffett’s interest delivered a return of 1,236% over the last 11 years, Reuters reports, but Weschler somehow managed to remain under the public radar in spite of his prowess. He made the acquaintance of Buffett by winning a lunch with him through a charity auction benefitting Glide, a San Francisco homeless charity. Actually, he won twice, paying a total of $5.2 million to dine with Buffett in Omaha in 2010 and 2011. Read more...
Should You Buy Warren Buffett's New Stocks This Year?
Six months may be a blip on the radar screen for someone with a 50-plus-year career, or with their investing eye toward a hazy point in the far-off future. But information about Warren Buffett’s recent buys for Berkshire Hathaway (BRK.A)(BRK.B) can be useful for Buffett-minded people researching his stocks or plotting an attractive point to buy them. The chart below shows that Buffett recently has been allocating more of his investing capital toward equity securities than he has since 1998, at 63%, while cash and cash equivalents has dwindled to a multi-year low of 19% and, and fixed maturity securities likewise at a multi-year low, at 18%. Read more...
Ted Weschler Begins Closing Down Shop to Join Berkshire Hathaway
Ted Weschler, current managing partner of hedge fund Peninsula Capital Advisors LLC, will soon join Berkshire Hathaway (BRK.A)(BRK.B) as one of two newly appointed money managers who will eventually replace Warren Buffett. Weschler’s connection with Buffett came about by an unusual means— the two met when Weschler paid a total $5.3 million to have lunch with him two years in a row through a charity auction. After two more meetings, Buffett offered Weschler the position, which he, already a successful hedge fund manager, accepted just a few weeks later. In his 11 years at his firm, Weschler made a return of 1,236%. Little has been reported about the low-key manager’s investing style, although Morningstar says his firm makes “substantial long-term investments in publicly traded companies possessing both strong prospects and outstanding management teams.” Read more...
Ted Weschler Would Recommend These Stocks
Ted Weschler has been director of WSFS Financial Corporation since 2009. He has served as director of WSFS Financial Corporation from 1992 to 2007. His current position expires in 2013. He is the managing partner of Peninsula Capital Advisors LLC. This company deals with a pool of capital that predominantly invests in publicly trades companies over long terms. In 1989 he founded Quad-C a private equity firm and before that he held several positions at W.R. Grace & Co. He also worked for their Corporate Development Group. Read more...
» More Ted Weschler Articles

Commentaries and Stories

  • Currently 5.00/5

Rating: 5.0/5 (1 vote)

Buffett's Berkshire Buys Verizon, Boosts Stake in Liberty Global, Wal-Mart Warren Buffett,Ted Weschler - Buffett's Berkshire Buys Verizon, Boosts Stake In Liberty Global, Wal-Mart
Warren Buffett (Trades, Portfolio) is now joined by his two investing side-kicks, Ted Weschler and Todd Combs, who make independent decisions about stocks for Berkshire Hathaway (BRK.A)(BRK.B)’s portfolio. The three have unveiled their first-quarter stock activity. The new buy was Verizon (VZ), with sizable adds going to Liberty Global Plc (LBTYK)(LBTYA) and Wal-Mart Stores Inc. (WMT). More...

  • Currently 5.00/5

Rating: 5.0/5 (5 votes)

Buffett's Investor Pick Ted Weschler Discusses DaVita Inc. Warren Buffett,Ted Weschler - Buffett's Investor Pick Ted Weschler Discusses DaVita Inc.
  • Currently 4.26/5

Rating: 4.3/5 (19 votes)

How Todd Combs and Ted Weschler Outperformed the S&P500 and Warren Buffett in 2013 Ted Weschler,Warren Buffett - How Todd Combs And Ted Weschler Outperformed The S&P500 And Warren Buffett In 2013
The Wall Street Journal on Jan. 18 reported that both Todd Combs and Ted Weschler outperformed the S&P 500 and Warren Buffett (Trades, Portfolio) in 2013.  The 2013 results mark the second year in a row that the two portfolio managers hired by Berkshire Hathaway’s (BRK.A) (BRK.B) Warren Buffett (Trades, Portfolio) have exceeded the S&P 500 (which gained 32% including dividends last year) as well as Mr. Buffett.  Mr. Combs, who started at Berkshire in 2011 has beaten the S&P 500 three years in a row.  Similarly, Mr. Weschler’s returns have exceeded the S&P 500 in each of the two years he has been with Berkshire.  In 2012, Mr. Combs and Mr. Weschler each beat the S&P 500 by a double digit margin. More...

LONG


  • Currently 3.17/5

Rating: 3.2/5 (12 votes)

A Year in Warren Buffett’s New Managers Ted Weschler and Todd Combs Warren Buffett,Ted Weschler - A Year In Warren Buffett’s New Managers Ted Weschler And Todd Combs
More than two full years have transpired since Buffett hired two relatively unknown managers to begin investing funds for Berkshire Hathaway (BRK.A)(BRK.B), allowing for a slightly clearer picture of their strategies and performance. This year solidified that their tenure as Berkshire portfolio managers has begun on a positive note. More...

  • Currently 3.33/5

Rating: 3.3/5 (6 votes)

Buffett’s Berkshire Buys More DaVita Warren Buffett,Ted Weschler - Buffett’s Berkshire Buys More DaVita
Warren Buffett’s company, Berkshire Hathaway (BRK.A)(BRK.B), bought 1,314,170 additional shares of DaVita HealthCare Partners (DVA) this week. The transaction, reported Dec. 9, represents a 6.77% increase to the existing holding. After the buy, Berkshire’s DaVita stake is sized at 36,461,294 shares, raising its ownership to about 17.14%. More...

  • Currently 4.56/5

Rating: 4.6/5 (9 votes)

Should You Buy Warren Buffett's New Stocks This Year? Warren Buffett,Ted Weschler - Should You Buy Warren Buffett's New Stocks This Year?
Six months may be a blip on the radar screen for someone with a 50-plus-year career, or with their investing eye toward a hazy point in the far-off future. But information about Warren Buffett’s recent buys for Berkshire Hathaway (BRK.A)(BRK.B) can be useful for Buffett-minded people researching his stocks or plotting an attractive point to buy them. The chart below shows that Buffett recently has been allocating more of his investing capital toward equity securities than he has since 1998, at 63%, while cash and cash equivalents has dwindled to a multi-year low of 19% and, and fixed maturity securities likewise at a multi-year low, at 18%. More...

  • Currently 2.00/5

Rating: 2.0/5 (2 votes)

What’s Warren Buffett Buying?
It’s that time again. Warren Buffett’s Berkshire Hathaway (BRK.A) released its quarterly 13F filing today, which details stock by stock what Buffett and his managers have been buying and selling. More...

  • Currently 4.25/5

Rating: 4.3/5 (12 votes)

Debunking Investment Dogma
"The opinion of ten thousand men is of no value if none of them know anything about the subject." More...

  • Currently 3.17/5

Rating: 3.2/5 (6 votes)

Berkshire Portfolio Managers Weschler and Combs Bonuses to Exceed $50 Million for 2012
A profile from The Omaha World-Herald of how Weschler and Combs ended up managing money for Warren Buffett: More...

  • Currently 2.57/5

Rating: 2.6/5 (14 votes)

Buffett’s Berkshire Hathaway Buys Even More DaVita Shares
In the past two months, Berkshire Hathaway (BRK.A)(BRK.B)’s holding of DaVita (DVA) burgeoned from 10,265,515 to 12,293,053 shares, after a series of nine purchases. This gives Warren Buffett’s company a 10.78% ownership of DaVita. Buffett or one of his managers (likely Ted Weschler) appear to like the company enough that price is little consideration, as it has climbed consistently almost 42% year to date. More...

  • Currently 3.30/5

Rating: 3.3/5 (10 votes)

Bloomberg Ted Weschler Profile: Rise from Grace Leads to Role Advising Buffett
Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. (GRA) In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice. More...

  • Currently 2.91/5

Rating: 2.9/5 (11 votes)

Buffett’s Berkshire Hathaway Raises Stake in DaVita to Almost 11%
Warren Buffett added 0.71% to his holding of DaVita Inc. (DVA) at the average price of $107.82 on 10/09/2012, as reported by GuruFocus Real Time Picks. After the purchase, he owns 9,650,349 shares, of 10.8% of the company. He just increased his holding of DaVita by 3.04% on Sept. 28. DaVita is currently trading at historic highs. More...

  • Currently 3.33/5

Rating: 3.3/5 (12 votes)

Ted Weschler Would Recommend These Stocks
Ted Weschler has been director of WSFS Financial Corporation since 2009. He has served as director of WSFS Financial Corporation from 1992 to 2007. His current position expires in 2013. He is the managing partner of Peninsula Capital Advisors LLC. This company deals with a pool of capital that predominantly invests in publicly trades companies over long terms. In 1989 he founded Quad-C a private equity firm and before that he held several positions at W.R. Grace & Co. He also worked for their Corporate Development Group. More...

TELECOMMUNICATIONS, CHEMICALS, PHARMACEUTICAL, LONG


  • Currently 3.12/5

Rating: 3.1/5 (17 votes)

Ted Weschler Begins Closing Down Shop to Join Berkshire Hathaway
Ted Weschler, current managing partner of hedge fund Peninsula Capital Advisors LLC, will soon join Berkshire Hathaway (BRK.A)(BRK.B) as one of two newly appointed money managers who will eventually replace Warren Buffett. Weschler’s connection with Buffett came about by an unusual means— the two met when Weschler paid a total $5.3 million to have lunch with him two years in a row through a charity auction. After two more meetings, Buffett offered Weschler the position, which he, already a successful hedge fund manager, accepted just a few weeks later. In his 11 years at his firm, Weschler made a return of 1,236%. Little has been reported about the low-key manager’s investing style, although Morningstar says his firm makes “substantial long-term investments in publicly traded companies possessing both strong prospects and outstanding management teams.” More...

  • Currently 4.36/5

Rating: 4.4/5 (39 votes)

12 Stocks to Consider
Someone who reads my blog sent me this email: More...

  • Currently 1.00/5

Rating: 1.0/5 (1 vote)

New Buffett Manager Gets Less Pay, Higher Taxes by Choice
How would you feel about taking a pay cut and paying more in taxes? More...

  • Currently 4.40/5

Rating: 4.4/5 (5 votes)

Alice Schroeder – The Meaning Behind Berkshire Hathaway Hiring Ted Weschler
Sometimes the cutesiness of Berkshire Hathaway Inc. is part of its endearing charm. Sometimes it is a minor quirk to be brushed aside. Occasionally, it can mislead, as happened this week when Warren Buffett’s favorite scribe, Carol J. Loomis of Fortune magazine, began her insider’s report on the hiring of 50-year-old Ted Weschler, the founder of Peninsula Capital Advisors LLC, as a Berkshire investment manager. She wrote: “It is surely unprecedented for a person to spend $5,252,722 to get a job, but in a funny way, that is precisely what Ted Weschler, of Charlottesville, Virginia, did.” More...

  • Currently 3.83/5

Rating: 3.8/5 (6 votes)

WSJ – A Little More Info on the New Portfolio Manager at Berkshire
I get a feeling it is going to be hard to get a lot of info on Mr. Weschler. I’m certainly hungry for as much as I can get as it is fascinating to see who Buffett thinks is worthy of managing Berkshire’s money. More...

  • Currently 3.96/5

Rating: 4.0/5 (26 votes)

New Berkshire Hathaway Portfolio Manager Ted Weschler’s Investing Style and Career Highlights
Ted Weschler recently became the second of possibly three portfolio managers of Berkshire Hathaway (BRK.A)(BRK.B), part of a group in line to take over the entire equity and debt portfolio of the greatest investor of all time, Warren Buffett, upon his retirement. Prior to accepting the offer, Weschler managed his own private investment firm, Peninsula Capital Advisors, LLC, which he founded in 2000. The fund manager that piqued Buffett’s interest delivered a return of 1,236% over the last 11 years, Reuters reports, but Weschler somehow managed to remain under the public radar in spite of his prowess. He made the acquaintance of Buffett by winning a lunch with him through a charity auction benefitting Glide, a San Francisco homeless charity. Actually, he won twice, paying a total of $5.2 million to dine with Buffett in Omaha in 2010 and 2011. More...

TED WESCHLER, WARREN BUFFETT, PENINSULA CAPITAL ADVISORS, PORTFOLIO MANAGER, BERKSHIRE HATHAWAY


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